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Showing 3571 - 3580 of 9281 results for "wealth"

Sovereign wealth fund plans Ancestry.com retreat

KANIKA SOOD  |  FRIDAY, 16 AUG 2019
Investors including Singapore's $150 billion plus sovereign wealth fund are looking to pull out over $1.3 billion from popular DNA testing company Ancestry.com, according to a news report. Singapore's GIC and private equity firm Silver Lake Management ...

MLC transforms advice business

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
MLC Wealth is restructuring its financial advice business, including consolidating its aligned dealer groups down to two. MLC Wealth chief executive Geoff Lloyd today announced he is making major changes to its financial advice business ahead of separating ...

New super fund tests waters

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... women. FairVine is a sub-plan of Aracon Superannuation Fund, which was acquired by Managed Accounts Holdings - now Xplore Wealth - late last year.

What is holding Aussie robo advisers back?

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... adviser recommends the client a portfolio that is often built with low-cost investment options such as ETFs. "Just because a wealth manager has a website and an app doesn't make it a robo adviser [ASIC money smart has a website for example]," Dunnin ...

Risk advisory firms merge

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
... adding that the firms share common values, cultures and a commitment to put clients first. CRA specialises in income and wealth protection, while MBS focuses on personal and business risk protection. The combined entity will have 18 authorised financial ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... "worthwhile". "I think ASIC will be more vocal. I think that's a good thing, the more clarity the better," Bignill said. Xplore Wealth acting chief executive Don Sharp also confirmed Xplore has had correspondence with ASIC in regards to MDAs. "We've ...

AFA names education award finalists

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... for excellence by improving their professional skills and knowledge". This year's finalists are Kearsten James of Cooper Wealth Management, Joseph Meawad of Trinity Financial Advisers, Ben Nash of Pivot Wealth, and Nicola Schneider of Robina Financial ...

Super fund GM resigns

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2019
... (since acquired by TAL) in 1987. Over the years, Salloum has held roles with Perpetual, AUSMAQ, Commonwealth Bank and ANZ Wealth. Daly said Salloum can be rightly proud of his contribution to the industry and wished him all the best in retirement. "We ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
The $154 billion sovereign wealth fund voted against equity grants to Pinnacle Investment Management's managing director Ian Macoun and two executive directors, a summary of its proxy voting for FY19 shows. Future Fund was happy to support re-election ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed ...